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The following material's standards have been established for a particular product: Standard quantity per unity of output..... 4.6 feet Standard price...... $19.25 per feet The
The following material's standards have been established for a particular product: Standard quantity per unity of output..... 4.6 feet Standard price...... $19.25 per feet The following data pertain to operations concerning the product for the last month: Actual materials purchased...... 3,200 feet Actual cost of materials purchased...... $63,200 Actual materials used in production...... 2,900 feet Actual output...... 800 units What is the materials price variance for the month
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